Macerich, Walton buy Inland Center

Partnership gains 1 million square feet in SoCal

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A joint venture between Macerich Partnership L.P. and Walton Inland Investors IV acquired the 1 million-square-foot Inland Center in San Bernardino, Calif. The value of the transaction was $63.3 million. Inland Center is a regional mall anchored by Sears, Robinson-May, Macy's and Gottschalks. Walton Inland Investors IV is an affiliate of Walton Street Capital, LLC, a Chicago-based private investor. The Macerich Co. is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Please include the headline of the story....